Eastern Platinum (TSE:ELR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Eastern Platinum Limited (TSE:ELR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.17. Eastern Platinum shares last traded at C$0.17, with a volume of 91,190 shares traded.

Eastern Platinum Price Performance

The company’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.48. The company has a market cap of C$33.39 million, a P/E ratio of 3.30 and a beta of 1.54.

Eastern Platinum (TSE:ELR) last announced its earnings results on Friday, November 8th. The company reported C($0.03) EPS for the quarter. Eastern Platinum had a return on equity of 10.68% and a net margin of 10.38%. As a group, sell-side analysts predict that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

About Eastern Platinum

Eastern Platinum Ltd. is engaged in mining, exploration, and development of platinum group metal (PGM) and chrome properties located in various provinces in South Africa. The firm’s projects include Crocodile River Mine and Mareesburg.